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The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers
The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $800 in cash. c. Bennett's received $400 from customers who purchased merchandise in June from the pro shop on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. e. Bennett's purchased $680 in food supplies for the snack bar; paid $590 in cash and owed the rest on account with the supplier. f. Bennett's paid $500 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $3,600 to employees for work in July. h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1. i. Bennett's paid $700 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $900 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues: Games revenue Snack bar revenue $ 15,000 800 Total revenues 18,300 Expenses: Wages expense 3,600 Repairs expense 700 Utilities expense 900 Total expenses 5,200
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